Paco Tang. Condé Nast China.
Tang, who has served as the company’s group publisher since June 2019 and previously worked as the publisher of GQ China and the local edition of Condé Nast Traveller, is stepping down from his role according to an internal memo seen by BoF. Tang has confirmed the news of his departure.
The memo addressing Tang’s departure, sent by managing director Li Li, detailed wider changes to Condé Nast China’s organisational and commercial structure. The company is centralising its branding and commercial teams, while integrating branded content and creative solutions into individual brands under their editorial directors.
The shake up comes in the wake of a global editorial overhaul announced earlier this month, which will streamline Condé Nast’s leading titles under a cohort of global editors. It also follows the resignation of Vogue China’s editor-in-chief Angelica Cheung in November. Condé Nast China did not immediately respond to a request for comment.
The company will soon be announcing new business division leaders and a head of branding, according to the memo.
The announcement also revived discussions on Chinese social media of corruption and bribery allegations against Tang that surfaced last September in a leaked email from a person claiming to be a Condé Nast China employee. At the time, then-president Sophia Liao and Condé Nast International released a statement saying the company hadn’t found any irregularities relating to Tang.